Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,822 shares of the company’s stock after buying an additional 3,444 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Howmet Aerospace were worth $2,824,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Globeflex Capital L P lifted its holdings in Howmet Aerospace by 220.2% in the 4th quarter. Globeflex Capital L P now owns 4,867 shares of the company’s stock valued at $532,000 after acquiring an additional 3,347 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Howmet Aerospace by 3.6% in the 4th quarter. Natixis Advisors LLC now owns 756,218 shares of the company’s stock worth $82,708,000 after purchasing an additional 25,979 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after buying an additional 100 shares in the last quarter. Poinciana Advisors Group LLC acquired a new position in Howmet Aerospace in the fourth quarter worth approximately $233,000. Finally, First National Trust Co acquired a new position in Howmet Aerospace in the fourth quarter worth approximately $2,233,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HWM shares. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Price Performance

HWM opened at $132.08 on Thursday. The stock has a fifty day moving average price of $127.40 and a 200 day moving average price of $113.96. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The stock has a market cap of $53.50 billion, a price-to-earnings ratio of 46.84, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.